This topic seems like a tough one to me because there's no extensive data about track safety equipment on the street. There is plenty of dataless inference drawn by Internet observers, which isn't the same thing. I shouldn't do the same thing but here I go.
3-points don't do much more than keep you (1) in the car instead of out the window and (2) lined up more or less in position to meet the airbag kinda square-on and stay lined up to the containment cell made by the seat and the lower dash panel. The belts stretch something like 2-4 inches in a hard crash and supposedly break in a 60 mph collision with an immovable object.
I don't use a 4-point in a street car with interior, but if I did, I would use a Schroth ASM unit and I wouldn't worry about a submarine. It's designed to let the torso flip forward a bit so it folds over the lap belt instead of sliding through. And in a street car it's the lower dash panel design that keeps your legs from going downward, not the lap belt.
If I buy into the wisdom I must always have a 5th strap, then really I must buy into the theory that I must also have a 6th strap lest I get my junk overloaded. Guy's gotta have his priorities.
Simpson has some published material out discussing a panel of auto passenger safety experts at some industry conference agreeing that the whole no-harness-without-a-roll-cage thing was Internet wisdom too.
IIRC they said a rollover accident tosses the body around at 30-something Gs. Their point being, if the roof gets crushed in enough to eliminate the gap, you're going to pound the crap out of your head and neck on the roof with a 3-point too, not "lean over" or be saved by the breaking of your flip-back seat, and a helmet is just going to add weight/momentum and spin your neck worse than it would with a harness.
They and Simpson advocated getting a stout harness bar, seat with proper holes, and a well-aligned 6-point harness for an HPDE car over just sticking to 3 point belts because the owner doesn't want to put in a roll bar. They were even opposed to putting a roll bar in a street-driven HPDE car at all because inevitably somebody won't be belted in tight enough on the street and their unhelmeted head will smack a roll bar tube.
I like the HANS concept and I wear a Simpson Hybrid now, but it only protects against one fairly narrow angle of force at relatively higher speeds and a seat halo is what does most of the work at any other angle.
Plus I have to worry about fire. Or driving only automatics in the future because I didn't have a window net and my arm flew out. Or getting fatally speared by a tree spar that pokes into the car between the cage bars (happened at Carolina Motorsports Park once that I know of).